Cormark Issues Optimistic Outlook for Equinox Gold Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Analysts at Cormark raised their Q2 2025 earnings per share (EPS) estimates for Equinox Gold in a report issued on Wednesday, July 9th. Cormark analyst R. Gray now expects that the company will post earnings of $0.23 per share for the quarter, up from their previous estimate of $0.16. The consensus estimate for Equinox Gold's current full-year earnings is $0.85 per share. Cormark also issued estimates for Equinox Gold's FY2025 earnings at $0.72 EPS.

Several other analysts also recently weighed in on EQX. CIBC restated a "neutral" rating on shares of Equinox Gold in a research note on Friday, June 13th. National Bankshares restated an "outperform" rating on shares of Equinox Gold in a research note on Friday, June 13th. BMO Capital Markets initiated coverage on Equinox Gold in a research note on Wednesday, June 18th. They set an "outperform" rating for the company. Finally, National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $35.00.

Equinox Gold Stock Up 1.0%

Shares of EQX traded up $0.06 during trading hours on Friday, hitting $6.29. 11,670,384 shares of the company were exchanged, compared to its average volume of 8,050,652. The company has a market cap of $4.76 billion, a PE ratio of 12.58 and a beta of 1.11. The firm's 50 day moving average is $6.35 and its 200-day moving average is $6.22. Equinox Gold has a 52 week low of $4.48 and a 52 week high of $7.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.50 and a current ratio of 0.85.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.19). Equinox Gold had a net margin of 13.96% and a return on equity of 2.20%. The firm had revenue of $423.72 million during the quarter, compared to analysts' expectations of $404.00 million. During the same quarter last year, the firm earned ($0.13) EPS. The business's revenue for the quarter was up 75.6% compared to the same quarter last year.

Hedge Funds Weigh In On Equinox Gold

A number of institutional investors have recently bought and sold shares of the business. Tobam acquired a new stake in shares of Equinox Gold in the 1st quarter valued at $29,000. Parvin Asset Management LLC acquired a new stake in shares of Equinox Gold in the fourth quarter valued at about $38,000. BNP Paribas Financial Markets acquired a new stake in Equinox Gold during the fourth quarter worth approximately $47,000. Continuum Advisory LLC grew its stake in Equinox Gold by 53.3% during the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock worth $52,000 after purchasing an additional 2,620 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in Equinox Gold during the fourth quarter worth approximately $56,000. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.